How about that silver?

[flylowgethigh]

Price in dollars goes up because the fed is printing and buying bad debt, making dollars worth less (compared to stuff), and you jump on the bandwagon - to short the price of stuff that goes up as a result of the printing.

OK. You must work for the morgue.

I like the other side of that trade. But, I only deal in phyzz, and only buy when the shorts make the price attractive.

 

[brickweeder]

Price in dollars goes up because the fed is printing and buying bad debt, making dollars worth less (compared to stuff), and you jump on the bandwagon - to short the price of stuff that goes up as a result of the printing.

OK. You must work for the morgue.

I like the other side of that trade. But, I only deal in phyzz, and only buy when the shorts make the price attractive.

I'm generally always net long the PMs, but I will short run ups because comex/banksters have not been broken yet, and I want to profit on bankster smack downs so that I can buy weakness in greater quantities than if I hadn't shorted. Sure the CBs print like crazy, but so what? What was the money supply in 2011 when silver was $50, and what is the money supply today when Silver is $22.50. If the price of silver was dependent on printed money supply, it would be well north of $50 today.

BTW, weren't you the one that said you should have sold at $50? How much silver could you buy today if you sold or shorted at 50? More than if you hadn't sold or shorted.

 

[Amynamous]

I’d like to convert my physical silver (~500+ ounces)into gold or platinum, because silver is just too dang heavy.
I don’t want to sell at wholesale and buy gold or platinum at retail.
Anyone have any suggestions?

 

[brickweeder]

I’d like to convert my physical silver (~500+ ounces)into gold or platinum, because silver is just too dang heavy.
I don’t want to sell at wholesale and buy gold or platinum at retail.
Anyone have any suggestions?

Call up the dealer you want to buy gold from and tell them you have silver to sell also. They will likely do a trade...all you would have to do is ship your silver and cover any minor price difference between your gold/plat buy and silver sell with a check. easy peasy. Just don't do the trade for less than silver spot. You won't be able to avoid the gold/plat premiums though, unless you just sell your silver and use the $ to buy a gold or plat etf in your brokerage acct.

The silv to gold ratio is not good right now for going into gold from silver, may be better to wait until it is below 65 or 60.

 

[flylowgethigh]

I’d like to convert my physical silver (~500+ ounces)into gold or platinum, because silver is just too dang heavy.
I don’t want to sell at wholesale and buy gold or platinum at retail.
Anyone have any suggestions?

I feel the same way. I will trade my silver for gold when the ratio is under 50. Historically it should be 15-20. History kinda got distorted during the last century.

And yeah, I thought a lot about mistakes I made in the 2011 squeeze,

 

[St. Phatty]

I’d like to convert my physical silver (~500+ ounces)into gold or platinum, because silver is just too dang heavy.
I don’t want to sell at wholesale and buy gold or platinum at retail.
Anyone have any suggestions?

BIG MISTAKE.

Given the ratios, this is the time to convert Gold into Silver.

TOO MUCH OF A VALUABLE METAL ?!

That's the kind of problem you want to have.

 

[brickweeder]

Given the ratios, this is the time to convert Gold into Silver...

Agree with this completely.

 

[flylowgethigh]

If a person was wanting to keep half and half, in terms of value, they would need 80x more silver by weight than the glod. An oz of silver is bigger than an oz of glod. A person soon figures out the glod is easier to transport, store, hide. Harder to trade in even amounts. That is where silver coins are handy. Or bars.

 

[brickweeder]

...A person soon figures out the glod is easier to transport, store, hide. Harder to trade in even amounts. That is where silver coins are handy. Or bars.

I don't think I am ever going to see the day where silver is used in trade because most people don't want silver, have no idea what its value is, don't want to walk around with heavy weight in their pocket, and wouldn't want to hassle with trying to trade it for something they want. Heck, most people will choose a large hershey bar over a 10 oz bar of silver (mark dice has a funny vid that proves this... https://www.youtube.com/watch?v=bYhTFz_SGw0 )​

 

[flylowgethigh]

We can only hope and stack, in preparation. Things really go bad I am hoping dope trades well.

 

[Three Berries]

I've been giving out silver eagles for birthday and Christmas present to my children and grandchildren now for the last 20 years. It's getting to be a big thing with the kids. I'd never thought I'd see them appreciate the shiny.

 

[GMT]

I give the young one in my family the one ounce silver art bars along with presents. She likes the pictures.

 

[flylowgethigh]

Great idea! I am gonna get a 2021 slab for a kid I have been hanging out with this year.

Gonna explain "Lady Liberty", silver, gold, other metals, inflation, paper money, etc... with one little coin.

 

[Three Berries]

 

[buzzmobile]

Needs CalMag.

 

[St. Phatty]

I'm concerned that you may be over-dosing in Silver.

Can we transfer your Silver to my Silver Quarantine area ?

 

[Three Berries]

Needs CalMag.

I make my own!

 

[buzzmobile]

I make my own!

Hi-Yo!

 

[brickweeder]

Silver price action is looking good to me right now...bouncing off the lower rail. Will sell a small position at 27.5 if/when we get there.

 

[Frosty Nuggets]

There was a million dollar silver heist here in Australia the other day, 259 5Kg bars were stolen from a truck while in transit in NSW.
https://www.aap.com.au/news/nsw-police-call-for-help-over-silver-heist/